BofA plans to price contingent income autocalls tied to four stocks

By Sarah Lizee

Olympia, Wash., Dec. 11 – BofA Finance LLC plans to price contingent income autocallable notes due Dec. 27, 2021 linked to the worst performing of the common stocks of Alphabet Inc., Amazon.com, Inc., Facebook, Inc. and Netflix, Inc., according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 12% if each stock closes at or above its 60% threshold on the determination date for that month.

The notes will be called at par if each stock closes at or above 90% of its initial level on any interest payment date beginning on March 25, 2019.

The payout at maturity will be par plus the coupon unless any stock finishes below its 60% threshold, in which case investors will be fully exposed to any losses of the worst performing stock beyond 20%.

The notes will be guaranteed by Bank of America Corp.

BofA Merrill Lynch is the agent.

The notes are expected to price on Dec. 21.

The Cusip number is 09709TJY8.

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